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Installing solar has financial benefits
Many businesses want to know if their bill savings will be big enough to justify a solar electricity system.
The clearest answer to this can be found by working out the payback time of a proposed system, which is how long it takes for electricity bill savings to cover the installed system cost, and the annual bill saving, which shows the ongoing financial benefit after the payback period has been reached.
Today’s grid-connected systems should pay for themselves between seven and nine years in even without the solar panel rebate, depending on factors such as location, energy retail tariffs and a business’s electricity consumption patterns.
Quality solar panels last at least 25 years, so that initial investment should repay several times over compared with the cost of buying electricity from the grid.
- Power Yourself: This enables you to generate electricity from an environmentally friendly resource and allow cooling of the activity by generating the energy yourself.
- Get Your Electricity Bills Down By 80% Or More: This will not only reduce your expenses but increase your profit margin as well.
- Decrease Reliance on the Grid: Be in a position of power without being dependent on traditional methods of electricity, further assuring a more secure and certain rate of energy.
- Government Incentives and Return on Investment: With a plethora of government incentives and an increased feed-in tariff on offer, solar panel systems have become one of the most attractive investment options presently.
